2024 SEK to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 11.8684. Conversely, the yearly low was recorded on April 18, dropping to 5.1843.
This high-to-low spread represents a total annual volatility of 6.6841 ETB. From a start-to-finish perspective, comparing the January average rate of 5.4541 to the December average rate of 11.5185, the exchange rate registered a net change of 111.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.8684 was up 109.79% compared to the 2023 peak of 5.6574, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.3979, compared to 10.1604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.7625 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.7608 ETB (High: 11.1040 / Low: 7.3432). On the other end, June was the most stable month, with a tight range of 0.1697 ETB (High: 5.5363 / Low: 5.3667).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2288 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 11.2985) against the same month in 2023 (average: 4.9784), the exchange rate shifted by +6.3201 (+126.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.6057 | 5.3833 | 5.4541 |
| February | 5.5162 | 5.3055 | 5.4264 |
| March | 5.5541 | 5.3124 | 5.4422 |
| April | 5.3946 | 5.1843 | 5.2588 |
| May | 5.4463 | 5.2377 | 5.3342 |
| June | 5.5363 | 5.3667 | 5.4719 |
| July | 7.0495 | 5.3358 | 5.4787 |
| August | 11.1040 | 7.3432 | 9.9141 |
| September | 11.8684 | 10.7505 | 11.2985 |
| October | 11.7404 | 11.2608 | 11.4907 |
| November | 11.5816 | 11.0638 | 11.2619 |
| December | 11.6552 | 11.2567 | 11.5185 |